Prime Broker
topic on 2 shows · 3 statements across 3 episodes
3 statements about Prime Broker, every show
Shkreli: Prime brokers will liquidate leveraged funds rather than absorb losses
“No, no prime broker is going to let you keep 90 billion of gross market value because once you dip your equity below zero, it's their loss, not yours. And they're not going to lose a penny after Archegos and after these other kind of blow ups.”
Dowling: Hedge Fund Sourcing Centers on Prime Broker Relationships
“And with hedge funds, the ecosystem revolves really around prime brokers. If you're a hedge fund, you need a prime broker. So instead of having to go out and talk to 9000 hedge funds, we can start by talking to the prime brokers and ask them who's launching in…”
Cook: Prime broker data shows hedge funds retrench during market dislocations
“If you actually look at the data we get from our prime brokers, what at least we see is that the industry as a whole, the hedge fund industry as a whole, actually does not deploy more capital during periods of dislocation. The hedge fund industry retrenches an…”